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Stock Market & Financial Investment News

News Breaks
January 28, 2013
16:40 EDTVMWVMware cutting 900 jobs, sees total restructuring charges $90M-$110M
VMware disclosed in a regulatory filing that on January 25, VMware approved a plan to streamline its operations. The plan includes the following components: the elimination of approximately 900 positions and personnel, expected to result in a charge in the range of $70M to $80M; a planned exit of certain lines of business and consolidation of facilities, which are expected to result in a charge in the range of $20M to $30M. The plan is expected to be completed by the end of 2013. The total charge resulting from this plan is expected to be between $90M-$110M, with total cash expenditures associated with the plan expected to be in the range of $80M to $90M.
News For VMW From The Last 14 Days
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August 31, 2015
17:59 EDTVMWEMC downstream merger proposal originated with VMware CEO, Hesseldahl says
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15:23 EDTVMWVMware says downstream merger of EMC not a serious consideration, Bloomberg says
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11:38 EDTVMWVMware CEO says 'federation' structure best for company
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08:23 EDTVMWVMware volatility elevated into financial analyst day
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08:07 EDTVMWSanDisk unveils data service for VMware vSphere with FlashSoft
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06:31 EDTVMWVMware to host financial analyst day
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August 26, 2015
16:26 EDTVMWOn The Fly: Top stock stories for Wednesday
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16:12 EDTVMWVMware names Ray O'Farrell Chief Technology and Development Officer
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15:27 EDTVMWVMware falls after report EMC board weighing downstream merger proposal
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12:47 EDTVMWOn The Fly: Top stock stories at midday
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12:08 EDTVMWEMC Federation departures suggest changes coming, says Raymond James
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11:50 EDTVMWEMC-VMware report shows board knows status quo 'not an option,' says Wells Fargo
After Re/code's Arik Hesseldahl reported that EMC's (EMC) board is "actively considering" a downstream merger proposal under which it would be acquired by VMware (VMW), Wells Fargo analyst Maynard Um said he views the most important takeaway to be that the board views maintaining the status quo as "not an option" amid the rapid shift in the industry. Um thinks an EMC buy-in of VMware, which the report contends is the preferred option of EMC CEO Joe Tucci, presents a cleaner path with less variables but says that in either case it "seems clear that something will happen," which he views as a positive.
08:23 EDTVMWEMC board 'considering' VMware downstream merger proposal, Re/code reports
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August 25, 2015
08:35 EDTVMWExtreme Networks joins VMware NSX partner ecosystem
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August 20, 2015
14:39 EDTVMWEarnings Watch: Hewlett-Packard reports ahead of company split
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